Capital Economics

“Prime Minister Andy Burnham could impose tax increases worth as much as £25billion in the forthcoming Budget, according to a stark warning from Capital Economics published today.”

“a potential £1.5billion levy targeting banks”

“a levy that effectively added a penny to income tax could generate as much as £10billion in additional revenue.”

“The potential £25billion tax grab would rival the £26billion package imposed by former chancellor Rachel Reeves last autumn.”

“between £46billion and £63billion”

“around 1.5 and 2 per cent of GDP”